Indy misses out on ag HQ, but will be ‘global business center’
Dow and DuPont said they will base their combined agricultural business in Wilmington, Delaware, but that Indianapolis will play a pivotal role.
Economic Development
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Airport delays vote on $500 million medical complex proposal
A vote on a proposal to build a $500 million medical complex at Indianapolis International Airport has been delayed so the board can take another look at the plan. The delay was announced after an IBJ story raised questions about the track record of the executive behind the plan.
Regional Cities funding faces hurdle in Indiana House
The measure is stalled in the Ways and Means Committee, but Speaker Brian Bosma says the governor’s help on a long-term road funding bill could get it moving.
Fishers OKs incentives, property sale for Braden HQ
The Fishers City Council approved selling a downtown parcel to Braden Business Systems Inc. for $5 in addition to nearly $1 million in incentives Monday night.
Stanley lands $2.1M in incentives from Fishers
The company, which makes security devices and systems, plans to construct a three-story, $15.9 million headquarters in Fishers Point Business Park on the corner of Kincaid and Sunlight drives.
New program targets cybercrimes against Indiana youth
State police say the program is necessary due to instances of sexual predators targeting young people online, as well as cyberbullying and radicalization by terrorists.
Officials point fingers on Carrier, UTEC layoffs
Are federal regulations to blame? Gov. Mike Pence says yes. Sen. Joe Donnelly says no. And in a now-viral video, a Carrier official tells employees the move to Mexico makes it cheaper to produce its products.
U.S. retail sales move in opposite direction from stocks
A key question for the economy this year is whether consumer spending can keep growing and offset the impacts of stock market volatility and slowing growth overseas.
Republic plans 469 customer-service jobs in Fishers
Waste management giant Republic Services Inc. plans to spend $13.6 million on a customer resource center in Fishers that could employ as many as 469 workers by the end of 2025, the company announced Thursday afternoon.
Mayor launches task force to assist Carrier workers
The task force will focus immediately on identifying existing resources for workers and developing a “tool kit” to ensure those workers know about their options.
U.S. economic growth slows to crawl in fourth quarter
Much of the weakness last quarter reflected a slowdown in consumer spending, which grew at an annual rate of just 2.2 percent, compared with a 3 percent rate in the previous quarter.
Dental claims processor plans to add more than 150 workers
Renaissance Electronic Services said it will invest $14.9 to expand five existing Indianapolis facilities and a new location in the former Gerdt Furniture store in Southport.
Fund aims to ‘elevate’ tech commercialization statewide
With a new leader at the helm, Elevate Ventures has plotted a course for 2016 that includes forging more partnerships with universities and communities to help entrepreneurs commercialize intellectual property.
Zionsville’s first-ever elected mayor outlines priorities
Tim Haak left his job in economic development to take on the new full-time position, even though it might not last. Now on his plate: Creekside Corporate Park, traffic reconfiguration and the planned $10 million town hall.
Bill would weaken protections for homeowners in foreclosure
Banks support proposed state legislation that could prevent Hoosier homeowners from using a settlement process to avoid foreclosure. But the sponsor of a bill with the controversial provision says he will strike it.
Financial services firm plans $33M HQ, 600 jobs in Carmel
Allied Solutions LLC, a Carmel-based firm that serves the financial sector, is planning construction of a five-story building in the Midtown area, more than doubling the size of its existing headquarters.
84 Lumber to add manufacturing facility, 100 jobs in Franklin
The building materials supplier plans to invest $5.59 million to purchase, renovate and equip the former Trussway facility at 1850 North Graham Road.
Legislative leaders back money for third Regional Cities grant
Republicans who control the Indiana Senate are supporting a request from Gov. Mike Pence for an extra $42 million toward the new state grant program. And House Speaker Brian Bosma says it will likely pass.
Missed vote puts spotlight on Brainard’s business trips
Carmel Mayor Jim Brainard traveled out of state using public money nearly every month this year. His trips aren’t lavish, but he was gone on city business a total of 79 days, raising questions about both the hard and soft costs.
New mayor means CIB changes are likely
The new-look Capital Improvement Board–which owns Bankers Life Fieldhouse, Victory Field and Lucas Oil Stadium as well as the Indiana Convention Center–will probably be less cheerleader and more watchdog.